Dáil Éireann Debate, Tuesday - 21 June 2016
121. Deputy Pearse Doherty asked the Minister for Finance the number of prosecutions which have been brought against lenders for irresponsible lending in breach of Article 8(1) of the credit agreements for consumers' directive; and if he will make a statement on the matter. [16798/16]
View answerI presume the Deputy is referring to Statutory Instrument 281 of 2010 European Communities (Consumer Credit Agreements) Regulation 2010 (which transposed Directive 2008/48/EC of the European Parliament and of the Council of 23 April 2008 on credit agreements for consumers and repealing Council Directive 87/102/EEC). Regulation 11 of the Statutory Instrument transposed Article 8(1) the "Obligation to assess creditworthiness of consumers".
I am advised by the Central Bank that it has not taken any sanctions against lenders for breaches of Regulation 11.
